It is plummeting confidence, not a weakening economy, that is the enemy right now. Fear can be a powerful driver towards recession.
Ultimately stocks are only going higher if the expansion does in fact keep going.
Market indices are close enough to their apex where profits can be taken and cash be raised intelligently.
Beware the old way of thinking about the Fed.
It is an odd dynamic right now with the Fed being more important than the actual economy.
Next week I will be shorting stocks. A lot of them. I cannot wait.
It's time to move past the 'bad news is good news and vice versa' mentality.
If today's jobs news is weak again the likelihood of a July cut will be a near certainty.
But close will be key to start of busy week following the China-trade truce, with the jobs report due Friday and the July 4 holiday nearly here.
President Trump uses economic leverage instead of infantry divisions to defend U.S. interests, and Advanced Micro Devices regains lost ground.